Kasich says two-year budget has $1B surplus

Expect fight on whether to spend or save doubled 'rainy day fund'

6:44 AM,
Jan. 31, 2013

Written by

Paul E. Kostyu

When the governor publicly releases his proposed two-year operating budget Monday, it will show a $1 billion surplus, he said.

Until then, no one will know just how Gov. John R. Kasich and his staff arrived at that figure. That's because they're not telling anyone about the two-year budget proposal - including legislators and their leaders in either party.

It means the surplus - called the rainy day fund - will double from its current $500 million. When he took office two years ago, the surplus was 89 cents, he said. ...